Spotlight on Workday: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Workday (NASDAQ:WDAY) has seen a surge in options activity, with a bullish sentiment from whales targeting a price range of $250 to $450. Analysis of trades shows 62% bullish and 37% bearish sentiment. The company, specializing in cloud-based HCM and financial management solutions, has seen its stock price increase by 3.24% to $308.64. Analysts maintain positive ratings, with an average price target of $333.6. The next earnings report is due in 4 days, potentially influencing stock movement.
February 22, 2024 | 8:01 pm
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Workday has experienced significant options activity with a bullish outlook, and analysts maintain a positive stance with an average price target of $333.6. The stock has recently risen to $308.64, with an upcoming earnings report that could further influence its price.
The bullish sentiment in options trading, combined with positive analyst ratings and a recent stock price increase, suggests a potential short-term upward movement for WDAY, especially with the upcoming earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100